7-Unit Apartment
426 11th Ave E, Seattle, WA 98102
For Sale
$1,695,000
Mid-century apartment property in Seattle’s Capitol Hill/Eastlake area.
Property Size5,800 SF
Price / SF$292.24
Days on Market59
Property Features for 426 11th Ave E
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates Commercial RE
Listed By:
Sara Bago
(206) 773-2675
Source:
Lee-associates
Added: Sep 16
Changed: Nov 10
Last Checked: Nov 12 at 5:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Commercial RE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7-unit apartment building contains 5,800 square feet and was constructed in 1964. The property provides a compact multifamily configuration suited to apartment ownership and operations.
Located at 426 11th Ave E in Seattle’s Capitol Hill/Eastlake area, the asset offers an established urban setting for a small-scale apartment property.
Located at 426 11th Ave E in Seattle’s Capitol Hill/Eastlake area, the asset offers an established urban setting for a small-scale apartment property.
Key Highlights
- 7‑unit apartment building
- 5,800 SF of building area
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,892
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,957,840
$2.0M
Cap Rate 7%
$1,398,457
$1.4M
Cap Rate 9%
$1,087,689
$1.1M
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$184.4K $31.80/SF
− Vacancy
−$6.5K −$1.11/SF
EGI
$178.0K $30.69/SF
− OpEx
−$80.1K −$13.81/SF
NOI
$97.9K $16.88/SF
Area
Seattle, WA
Vacancy
3.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,957,840
Cap Rate 7%
$1,398,457
Cap Rate 9%
$1,087,689
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,892 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.53M – $2.04M
NOI $122,146 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
5,687
Businesses Nearby
Explore this area
Business Placement
Demographics for 98102, WA
25,066
Population
17,944
Households
1.4
Avg Household Size
34
Median Age
79%
College-Educated
99%
High-School Grad
1.3 sq mi
ZIP Area
19,282
Density / Sq Mi
$114,395
Median Household Income
$80,130
Median Earnings
$1,920
Median Rent
$988,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Seattle, WA
Properties on Market for Apartment buildings in Seattle
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Mid-century apartment property in Seattle’s Capitol Hill/Eastlake area.
Where is this apartment building located?
The property is located at 426 11th Ave E Seattle, WA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 7‑unit apartment building; 5,800 SF of building area; Built in 1964
